share swap

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18 May, 2015 09:37 AM

I held shares in Friends life who have been bought by Aviva. I have had a smell refund and shares in Aviva how do I deal with this in Moneydance?

  1. 1 Posted by dwg on 18 May, 2015 10:59 AM

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    How was the acquisition structured from the shareholders point of view?

    IMO The ideal approach is to duplicate in Moneydance, as much as possible, the structure of the buy out.

  2. 2 Posted by Tom Freeman on 01 Jun, 2015 03:08 PM

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    If you could provide the details of the buy out I could better advise how to account for it in Moneydance.

    In general for a simple buyout, you would create an asset account called pass thru. Do a sellxfer of the old security at the cost basis into this account. Now transfer any cash payouts into the account that received the funds. Now do a buyxfer back into the investment account with the share count of the new security with the total cost the amount left in the pass thru account. This will keep the cost basis with your original investment.

    If the buyout is more complex or if there are tax implications you should consult your brokerage for the proper cost basis handling of the buyout.

    Tom Freeman
    Infinite Kind Support

  3. System closed this discussion on 19 Mar, 2016 04:57 AM.

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